Brazilian FOB soybean oil prices likely to remain at unusual discount to Argentina’s FOB

After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.

• Oct 25, 2022Destination demand snaps Brazilian soybean oil as Argentina’s supply tightens - Fastmarkets+0.8%
• Sep 12, 2026Argentina soybean sales speed up as prices rise on China demand, US crop concerns - Markets - Business Recorder-0.4%
• Jun 29, 2024Argentina soybean sales stall in June - Markets - Business Recorder+10.1%
• Nov 22, 2023Global soybean oil prices continue to rise amid tight supply-1.2%
• Jul 28, 2026Waste feedstock trade reroutes as US soybean oil biofuel demand keeps climbing - Fastmarkets+1.2%

After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.

• Apr 5, 2023China's soybean demand likely to remain soft until May amid poor crush margins+0.2%
• Sep 7, 2023Brazil Breaks Soybean Export Record and Displaces Argentina in the Global Soybean Meal Market - farmdoc daily-1.1%
• Mar 24, 2021Weak crush margins likely to keep China's soybean demand low until May: sources | S&P Global-0.5%
• Aug 26, 2018Local feed prices are likely to remain firm for foreseeable future-2.9%
• Jan 13, 2026Argentina soybean exports forecast to rise | World Grain-1.9%